The price of Amazon.com Inc (NASDAQ:AMZN) shares last traded on Wall Street fell -0.41% to $226.09.
AMZN stock price is now 14.31% away from the 50-day moving average and 21.59% away from the 200-day moving average. The market capitalization of the company currently stands at $2447.19B.
With the price target enhanced from $210 to $250, Needham maintained Buy rating for Amazon.com Inc (NASDAQ: AMZN). On November 01, 2024, Telsey Advisory Group reiterated its ‘Outperform’ rating on the stock by increasing its target price from $215 to quote $235, while ‘Monness Crespi & Hardt’ rates the stock as ‘Buy’
In other news, RUBINSTEIN JONATHAN, Director bought 4,351 shares of the company’s stock on Dec 09 ’24. The stock was bought for $1,000,077 at an average price of $229.85. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 04 ’24, Director RUBINSTEIN JONATHAN sold 4,549 shares of the business’s stock. A total of $1,000,098 was realized by selling the stock at an average price of $219.85. This leaves the insider owning 92,554 shares of the company worth $20.93 million. A total of 10.73% of the company’s stock is owned by insiders.
During the past 12 months, Amazon.com Inc has had a low of $143.64 and a high of $227.15. As of last week, the company has a debt-to-equity ratio of 0.58, a current ratio of 1.09, and a quick ratio of 0.87. According to the stock market information, the enterprise value for the company is $2447822815232, which is based on a 48.45 price-to-earnings ratio, a 2.31 price-to-earnings-growth ratio, and a beta of 1.16. The fifty day moving average price for AMZN is $197.0298 and a two-hundred day moving average price translates $185.68695 for the stock.
The latest earnings results from Amazon.com Inc (NASDAQ: AMZN) was released for 2024-09-30. The net profit margin was 8.04% and return on equity was 22.56% for AMZN. The company reported revenue of $158.88 billion for the quarter, compared to $143.08 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.04 percent.
